Market Highlights: Sensex ends 680 pts higher, Nifty closes at 12,631; financials zoom, pharma, IT stocks bleed
Domestic stock markets closed near their all-time highs on Tuesday as market rallied for the seventh day straight.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices climbed to fresh all-time highs on Tuesday and closed just below their highs. S&P BSE Sensex closed at 43,277 points while Nifty 50 closed above the 12,600 mark. The rally today was once again aided by financials that continue to surge. Bajaj Finance and IndusInd Bank were top gainers surging 8% and 7%, respectively. Tech Mahindra, HCL Technologies, and Infosys were the top drags.
On Monday, Pfizer and BioNtech said that a vaccine prepared by them for the coronavirus prevented more than 90% of infections in a study of tens of thousands of volunteers. The news was well received across the globe. Although the trial data will need to be studied by experts and reviewed by peers, initial results seem positive. If all goes well the vaccine could still take months to be delivered across the globe. However, the positive news flow has given bulls a good enough reason to take indices higher.
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